Gold in the brass doorknobs
England, Andrew
Gold in the brass doorknobs - 2005 - Estates Gazette (0546) 19 November 2005, 174(1) .
Businesses that acquire commercial property for use in their business or for the purpose of letting are missing out on the valuable tax savings afforded from capital allowances. The tax savings in some instances can be up to 45% of the purchase price of the property. Looks at the right to claim capital allowances for fixtures under the Capital Allowances Act 2001. Describes the extent of fixtures within any property and the straightforward nature of making a claim. Alerts commercial property owners to possible government reforms that may see this relief change or disappear entirely.
CAPITAL ALLOWANCES ACT 2001
Gold in the brass doorknobs - 2005 - Estates Gazette (0546) 19 November 2005, 174(1) .
Businesses that acquire commercial property for use in their business or for the purpose of letting are missing out on the valuable tax savings afforded from capital allowances. The tax savings in some instances can be up to 45% of the purchase price of the property. Looks at the right to claim capital allowances for fixtures under the Capital Allowances Act 2001. Describes the extent of fixtures within any property and the straightforward nature of making a claim. Alerts commercial property owners to possible government reforms that may see this relief change or disappear entirely.
CAPITAL ALLOWANCES ACT 2001